The BTCC Bitcoin exchange, formerly known as BTC China, has been acquired by a Hong Kong - based Blockchain investment fund on terms that are yet to be disclosed, the company has revealed in a blog post Monday, Jan. 29. (links2exchange.net)
The launch of the new option coincides with the phenomenal crowdsale of The DAO, a decentralised blockchain investment fund working with Ethereum - based projects. (coinfox.info)
Wanxiang Blockchain Labs, the Chinese auto giant's blockchain research institution, is dedicating a $ 50 million fund to blockchain technology; ShuBei Ventures, the biggest blockchain investment fund in the world, has already invested 180 million RMB (US$ 26.6 million) of its 600 million RMB (US$ 88.8 million) fund; and IDG Ventures has invested in the likes of Ripple, Coinbase, Circle and Koinify. (bitcoinmagazine.com)